WS Reports Q4 Earnings

Worthington Steel (NYSE: WS ) reported fourth-quarter financial results on Thursday. The transcript from the company's fourth-quarter earnings call has been provided below. This content is powered APIs. For comprehensive financial data and transcripts, visit The full earnings call is available at Summary Worthington Steel completed the largest acquisition in its history by becoming the majority shareholder of Kloeckner, marking a significant strategic step towards expanding its capabilities and reach.

2 million, reflecting stable to soft macroeconomic conditions. 7 million. Worthington Steel is focused on integrating Kloeckner, pursuing a domination and profit and loss transfer agreement (DPLTA) to streamline operations and achieve synergy targets. Operational highlights include a successful application of lean flow principles at multiple facilities, which reduced inventory and improved operational efficiency.

The company continues to invest in artificial intelligence to automate processes, achieving over 90% accuracy in testing for customer order management. Management remains cautiously optimistic about future demand, emphasizing potential growth in automotive and other sectors, pending improvements in macroeconomic conditions. Full Transcript OPERATOR Fourth quarter fiscal 2026 earnings call. After today's prepared remarks, we will host a question and answer session.

If you would like to ask a question, please press Star one to raise your hand. To withdraw your question, press Star one again. I would now like to turn the call over to Melissa Dykstra, Vice President of Corporate Communication and Investor Relations. Melissa, please go ahead.

Melissa Dykstra, Vice President of Corporate Communication and Investor Relations Thank you, Operator. Good morning and welcome to Worthington Steel's fourth quarter fiscal year 2026 earnings call. On our call today we have Jeff Gilmore, Worthington Steel's President and Chief Executive Officer, and Tim Adams, Vice President and Chief Financial Officer. Before we begin, I'd like to remind everyone that certain statements made today are forward-looking within the meaning of the 1995 Private Securities Litigation Reform Act.

These statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested. We issued our earnings release yesterday after the market closed. Please refer to it for more detail on factors that could cause actual results to differ materially. Unless noted as reported, today's discussion will reference non-GAAP financial measures which adjust for certain items included in our GAAP results and are presented on a standalone basis.

You can find definitions of each non-GAAP measure and GAAP to non-GAAP reconciliations within our earnings release. com. Now I'll turn it over to Jeff Gilmore. Geoff Gilmore, President and Chief Executive Officer Good morning and thank you for joining us.

Before I get into the quarter, I want to start with the most important development since our last call. On June 3, we completed the Kloeckner Company transaction and became the majority shareholder of the company. This is the largest acquisition in Worthington Steel's history and it is a defining step in building our future. I want to say thank you to our teams across Worthington Steel and to our new colleagues at Kloeckner.

This was a demanding quarter with a lot happening at once. Through it all, our team stayed focused on safety, serving customers and executing every day while we took a major strategic step as a company. The transaction builds directly on what we have been working towards since becoming a standalone public company, a business anchored in value-added processing, disciplined capital allocation and continuous improvement through the Worthington Business System. The Kloeckner acquisition materially expands our scale, our capabilities and our reach.

It gives us a broader set of products and processing capabilities, a larger and more complementary footprint and increased end market diversification. Kloeckner brings an established footprint and a portfolio that broadens our offerings to include aluminum, stainless, long products, plate and fabrication while complementing our strengths in carbon flat rolled and our growing position in electrical steel. Put simply, this transaction gives us more ways to serve our customers, more avenues for profitable growth and further strengthens our ability to deliver strong performance through cycles that diversification matters.

A broader, more balanced portfolio paired with more value-added processing can improve the quality of earnings through the cycle and reduce reliance on any single end market or product category. We also see a clear opportunity to create value over time through practical levers. We understand well operating discipline, procurement scale, network efficiency and best practice sharing. As we continue integration planning, these opportunities are becoming even more evident and we remain confident about our ability to achieve our synergy targets and as we move through the required process and achieve operational control.

With that in mind, I also want to spend a few minutes on where we are in the Kloeckner takeover process. As you know, the transaction closed on June 3rd and Worthington owns approximately 62% of Kloeckner's outstanding shares. There are still several steps to take before Worthington Steel and Kloeckner operate as one company. In late March we announced our intention to pursue a domination and Profit and los